Trump Tariff Rebates - Powerful Business Strategies

0:04 Hi, you have done too, dear censure. Wow for you young. This is the Pipe Man here on the Adventures Pipe Man W four c Y Radio, and I'm very excited about what we're talking about this week on the Positively Pipe main segment with Powerful business Strategies. It's the Trump tariff freebates and Michael Barbarita from Next Step CFO is here with us to tell us all about it. Thank you, Dean. So I'm not gonna get political about Trump.

0:47 I'm just gonna say what's happening with respect to the tariff situation. So the Supreme Court disallowed all those tariffs that started last April of twenty twenty five. Now only the importer of record can get the rebate. So what I'm telling all my clients is anybody who used the Trump tariffs as an excuse to increase prices, they should be called and either future purchases come through at a lower price to make up for that, or get some type of rebate yourself. Because what happened was is everybody used as an excuse to increase prices the Trump tariffs, and now everybody is getting a rebate. Now, when I say everybody, once again, just the importer of record gets the rebate, but they receive dollars for the purpose of to cover those rebates that they I'm sorry to cover those tariffs that they're now getting rebates on. So anybody who's used that as in ax, you got to go back to them and ask them for some type of rebate or future discounts on prices because you're not going to get the benefit. You pay for the rebates theoretically and you're not going to get the benefit. You're not going to get the benefit from them. So it's really

2:20 important that you go back in your thought process or notes or whatever it is that the reason why people increase prices, if they were due to the Trump tariffs, then you deserve a rebate because they are getting them. Yeah. You know, it's such an important subject here because I think people don't really understand the tariffs and the rebates. Right, but they paid for them, right right. I know this first and from something I bought, you know, So you know it's I think people need to go to some body like you that can give them solid advice from solid research instead of them guessing and then they end off end up ahead of the game instead of behind the eight ball.

3:14 Yeah, and one of my clients who followed through and went back to this there were that particular client had three or four suppliers who used the Trump rebate as an excuse to increase prices and went back to them and didn't get a rebate, but got a great deal on future purchases for a period of time. So it's it's important that you follow up because everybody's falling asleep on it, right if you you know historically what you paid is you know, it's forgotten and is in the as in the distant memory, distant past exactly. But I think a lot of business owners who got who were given the excuse that the prices went up because of the Trump tariffs need to push back now. Time to push back because they're not getting the rebate. Only the importer is getting the rebate. So whatever that chain is, and that chain might be two or three levels back, well you've got to you've got to have your supplier push back on there on the importer. So if there's a chain there, potentially, but by the same token you paid, you're overpaid for something that somebody's going to benefit back, benefit tremendously on If you don't push back.

4:32 Oh absolutely, without a doubt. I know Imagina being that that importer or that you know that never gets any pushback was able to increase price and that get some rebate. Yeah, exactly. So how can people reach out to you to get more information about stuff like this and other things that could be some powerful business strategies for them. Well, they just have to go to my website NEXTEPCFO dot net, go to the contact page. What I'd love to I would love to give them is a tool that will that's actually a diagnostic that would give them a complete assessment of their business in less than five minutes, with three strategies that they can implement now and the impact that those strategies should have on their business based on their input. So if you go to NeXTSTEP CFO dot net, forward slash contact, fill out the contact page and put in the words diagnostic, I will send you that immediately and you could see what type of impact three new strategies would have that your competition isn't.

5:36 Doing nice and you are definitely the powerful business strategy expert of the show. And so people need to definitely reach out and at least just doing an exploratory you know conversation or you know exchange to see how you guys can benefit them. That'd be great. Well, thanks once again for being here on the Positively Pipemin segment of the Adventures of Pipe Man, and we look forward to talking to you next week about the ten percent pricing trap. Thanks, Thanks Dave, look forward to it. Thank you for listening to the Adventures of Pipemin on w for CUI Radio.